Nova Minerals Limited is a dual listed mining exploration company focused on advancing its gold antimony and critical minerals project in Alaska. The firm was incorporated in Australia in January 1987 and changed its name from Quantum Resources Limited to Nova Minerals Limited in December 2017. Its ordinary shares trade on the Australian Securities Exchange under the ticker NVA and on the Nasdaq Capital Market as American Depositary Shares under the same symbol. The company’s primary asset is the 85 percent owned Estelle Gold and Critical Minerals Project which spans 803 Alaska State mining claims covering approximately 127 102 acres in the Tintina Gold Belt. The project hosts a combined gold resource of 5.17 million ounces of which 4.41 million ounces are attributable to Nova Minerals Limited based on its 85 percent interest. In addition to gold the property shows surface occurrences of high grade stibnite indicating potential for antimony production. The firm operates through a wholly owned United States subsidiary Alaska Range Resources LLC to manage the Alaskan holdings and to pursue government grants for critical mineral development. The company remains in the exploration and development stage with no commercial production to date.

Nova Minerals Limited does not generate revenue from the sale of minerals because it has not yet reached commercial production. The company funds its exploration drilling resource definition and infrastructure development through capital raisings in the public markets. Recent financings include an initial public offering on the Nasdaq in July 2024 that generated gross proceeds of approximately US 3.3 million and a follow on public offering in July 2025 that yielded gross proceeds of about US 12.1 million before underwriting discounts. The proceeds are used to pay for drilling programs assay costs camp maintenance and the advancement of feasibility studies for both gold and antimony extraction. While the firm has not reported any operating income it may in the future receive revenue from the sale of doré bars or antimony concentrate once processing facilities are constructed and off‑take agreements are secured. Until that point the company’s financial activity consists primarily of raising equity and managing exploration expenditures.

Nova Minerals Limited occupies a niche position as a junior exploration company with a sizable advanced stage resource in a politically stable mining jurisdiction. The Estelle Project lies within the Tintina Gold Belt a region known for hosting world class gold deposits such as the Donlin Creek and Fort Knox mines which gives the company a geological advantage. Competitors include major producers like Newmont Corporation Barrick Gold Corporation and Kinross Gold Corporation as well as numerous junior explorers that seek similar gold and antimony opportunities in North America. The company’s competitive strengths stem from its defined gold resource of over four million ounces attributable to its share the early identification of high grade antimony surface samples and the existing year‑round infrastructure at the site including a 80‑person camp airstrip and power generation. Additionally the firm has pursued United States Department of Defense grants aimed at accelerating antimony supply chain development which could provide a strategic edge over peers that lack direct government backing for critical minerals. The combination of a large gold inventory a prospective critical mineral and a supportive regulatory environment places Nova Minerals Limited in a favorable position relative to many of its contemporaries.

Because the company has not yet commenced mineral extraction it does not serve a defined customer base for its products. Future customers for gold output are likely to include international refiners banks and investors who purchase doré bars for investment or industrial use. Potential antimony customers could consist of manufacturers of flame retardants alloy producers and defense contractors that require a reliable domestic supply of the strategic metal. The firm has indicated that it intends to pursue off‑take agreements with smelters and processors once a feasible production plan is established. In the interim the company’s interactions are mainly with suppliers of drilling equipment assay laboratories and logistics providers that support its exploration campaigns. The absence of current sales means that revenue from customers is presently nil and will only emerge after the project advances to the construction and operational phases.